Net official development assistance received in Nigeria
Nigeria: Net official development assistance received was 3.30 billion current US$ in 2018. ◆ Volatile
Net official development assistance received in Nigeria, 1990–2018
Source: Development Assistance Committee of the Organisation for Economic Co-operation and Development, Geographical Distribution of Financial Flows to Developing Countries, Development Co-operation Report, a. Measured in current US$.
Analysis
The most recent figure for net official development assistance received in Nigeria is 3.30 billion current US$, measured in 2018.
The figure is down 1.7% on the previous year and up 155.2% over ten years.
Over the whole period, net official development assistance received in Nigeria peaked at 11.43 billion current US$ in 2006 and was at its lowest, 151.99 million current US$, in 1999.
Nigeria ranks 5th of 170 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Net official development assistance received in Nigeria, year by year
| Year | current US$ | Change |
|---|---|---|
| 1990 | 255.08 million current US$ | — |
| 1991 | 258.32 million current US$ | +1.3% |
| 1992 | 258.82 million current US$ | +0.2% |
| 1993 | 288.42 million current US$ | +11.4% |
| 1994 | 189.66 million current US$ | -34.2% |
| 1995 | 210.96 million current US$ | +11.2% |
| 1996 | 188.75 million current US$ | -10.5% |
| 1997 | 199.84 million current US$ | +5.9% |
| 1998 | 203.34 million current US$ | +1.8% |
| 1999 | 151.99 million current US$ | -25.3% |
| 2000 | 173.80 million current US$ | +14.3% |
| 2001 | 167.82 million current US$ | -3.4% |
| 2002 | 299.55 million current US$ | +78.5% |
| 2003 | 309.85 million current US$ | +3.4% |
| 2004 | 578.77 million current US$ | +86.8% |
| 2005 | 6.40 billion current US$ | +1006.1% |
| 2006 | 11.43 billion current US$ | +78.6% |
| 2007 | 1.96 billion current US$ | -82.9% |
| 2008 | 1.29 billion current US$ | -33.9% |
| 2009 | 1.64 billion current US$ | +26.7% |
| 2010 | 2.05 billion current US$ | +25.2% |
| 2011 | 1.81 billion current US$ | -11.8% |
| 2012 | 1.92 billion current US$ | +5.9% |
| 2013 | 2.52 billion current US$ | +31.3% |
| 2014 | 2.48 billion current US$ | -1.5% |
| 2015 | 2.43 billion current US$ | -1.9% |
| 2016 | 2.50 billion current US$ | +2.7% |
| 2017 | 3.36 billion current US$ | +34.5% |
| 2018 | 3.30 billion current US$ | -1.7% |
Nigeria compared with similar countries
- Nigeria's 3.30 billion current US$ is above the median for lower middle income countries, which is 659.93 million current US$, 5.0× the median. (47 countries reporting)
- Nigeria's 3.30 billion current US$ is above the median for Sub-Saharan Africa, which is 673.12 million current US$, 4.9× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Net official development assistance received in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2005 | +1006.1% | 578.77 million current US$ | 6.40 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 220.52 million current US$ | 151.99 million current US$ | 288.42 million current US$ | 10 |
| 2000s | 2.43 billion current US$ | 167.82 million current US$ | 11.43 billion current US$ | 10 |
| 2010s | 2.48 billion current US$ | 1.81 billion current US$ | 3.36 billion current US$ | 9 |
Countries ranked near Nigeria
- 2 Yemen 7.99 billion current US$ compare
- 3 Ethiopia 4.93 billion current US$ compare
- 4 Afghanistan 3.79 billion current US$ compare
- 6 Bangladesh 3.04 billion current US$ compare
- 7 Jordan 2.52 billion current US$ compare
- 8 Democratic Republic of Congo 2.51 billion current US$ compare
More external debt data for Nigeria
- IFC, private nonguaranteed 102.35 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 0.4399 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0004 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 56.33 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 1.6% (2024)
- Net financial flows, IDA 1.92 billion NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 8.24 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0076 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD 758.21 million NFL, current US$ (2024)
- Public and publicly guaranteed debt service 6.3% (2024)
Frequently asked questions
- What is net official development assistance received in Nigeria?
- Net official development assistance received in Nigeria was 3.30 billion current US$ in 2018, according to Development Assistance Committee of the Organisation for Economic Co-operation and Development, Geographical Distribution of Financial Flows to Developing Countries, Development Co-operation Report, a.
- What is the highest net official development assistance received recorded in Nigeria?
- The highest recorded value was 11.43 billion current US$ in 2006.
- What is the lowest net official development assistance received recorded in Nigeria?
- The lowest recorded value was 151.99 million current US$ in 1999.
- How does Nigeria rank for net official development assistance received?
- Nigeria ranks 5th out of 170 countries with data for 2018.
- Is net official development assistance received rising or falling in Nigeria?
- Over the last ten years it is up 155.2%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Development Assistance Committee of the Organisation for Economic Co-operation and Development, Geographical Distribution of Financial Flows to Developing Countries, Development Co-operation Report, a, published as part of Net official development assistance received (current US$). Statizoid updates them automatically from the source API.
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About this data
Net official development assistance (ODA) consists of disbursements of loans made on concessional terms (net of repayments of principal) and grants by official agencies of the members of the Development Assistance Committee (DAC), by multilateral institutions, and by non-DAC countries to promote economic development and welfare in countries and territories in the DAC list of ODA recipients. It includes loans with a grant element of at least 25 percent (calculated at a rate of discount of 10 percent). Data are in current U.S. dollars.